Colorado § 30-31-115 - Designation - transfer - abolishment.
Full text of Colorado Colorado Revised Statutes § 30-31-115 — Designation - transfer - abolishment., with citation guidance and answers to common questions.
§ 30-31-115. Designation - transfer - abolishment.
(1) Notwithstanding any other provision of this article 31, the governing body may designate itself as the authority when originally establishing an authority. A transfer of an existing authority to the governing body may be accomplished only by majority vote at a regular election.
(2) When the governing body designates itself as the authority or transfers an existing authority to the governing body pursuant to subsection (1) of this section, the governing body shall appoint the authority commissioners in accordance with section 30-31-104 (2).
(3) The governing body of the county may, by resolution, provide for the abolishment of the county revitalization authority so long as adequate arrangements have been made for payment of any outstanding indebtedness and other obligations of the authority. Any such abolishment is effective upon a date set forth in the ordinance and this date must not be later than six months after the effective date of the ordinance.
Source: L. 2024: Entire article added, (HB 24-1172), ch. 387, p. 2672, § 1, effective August 7.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 30-31-115
What does Colorado Revised Statutes § 30-31-115 cover?
Section 30-31-115 ("Designation - transfer - abolishment.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 30-31-115?
A common citation format is "Colorado Revised Statutes § 30-31-115" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 30-31-115 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.